hi guys and welcome back to our Channel I'm very glad to see you again with me
and today let's talk about Bitcoin HD it's very interesting product and I hope
that you will like this review so we'll stay attentive and let's begin
BitcoinHD is soon to be released and it will totally change the current landscape of bitcoin mining
ASIC monopoly has given miner producers the power to raise miner
price at their will, mining farm centralization has caused barrier to
entry, not to mention it’s enormous energy wastes, surpassing 159 countries.
BTC mining is now a game of the rich, the monopolists and elites only, making
making normal people simply cannot participate. BHD’s vision is to realize the
original ideal of Nakamoto’s bitcoin: a currency that anyone could mine, manage, and use.
PoC is a relatively new mining
algorithm for people that don't really have a super powerful computer to do mining.
PoC uses the users available hard drive space, the process allocates a
certain amount of space to generate new coins and that space is used to store
large pieces of data You don't really need to go out and buy thousands of
dollars’ worth of equipment to mine proof of capacity efficiently, you can use any
any sort of hard drive, you can even use your phone's hdd to mine them! all you need
is space. Running a hard drive farm is way more efficient that running a GPU farm
Basically meaning that while you mine PoC coins you are also
being more eco friendly than people mining Bitcoin and other PoW cryptos.
There is no need to upgrade equipment, old hard drives and new hard drives work
all you need is space and if one day you decide to stop mining, all you have to do
is delete the data in the hard drive and it will be ready to use, not like GPUs
which after a few months of mining are almost dead. Can promote even more
decentralization because everyone has hard drives so everyone can
theoretically participate in the mining process
the BHD with the PoC mode that has been launched has enabled miners to only invest a small
amount of electricity, contribute hard disk capacity, the equipment investment
can be gradually recovered. The principle of PoC technology behind BHD is to
use hard disk space to mine, which is energy saving, quiet and low noise.
Users can use unused space on the hard drive without having to use expensive video
cards and intelligent machines. The traditional mining machine has high
energy consumption, high noise level, high temperature, professional mines are
usually centralized, and ordinary users participate in high thresholds.
The Proof of Capacity proves that the hard disk is scanned once every few minutes.
Usually the hard drive is in standby mode, the energy consumption is ignored, the mine
does not charge for electricity and has a natural resistance to energy.
Compared to the powerful Proof of Work, the power of PoC proves energy saving, low power
consumption, low noise, lack of heat, and a return to Nakamoto white paper
can be used to extract minerals. This is a real decentralized extraction.
SSD is expensive, PoC does not require fast data throughput, only capacity, so PoC
naturally, eliminates ASIC chips. Based on the evidence of power, the future
supports large blocks and adds zero knowledge and other functions. Future
Energy-saving and environmentally-friendly PoC, natural
resistance ASICO bogged down on the proof of PoC power. Returning to the
the original intention of Ben Kong, decentralize everyone to mine it
supports large blocks with zero knowledge of evidence BHD will use a
a rigorously proven Consider - Proof of Capacity consensus mechanism.
Proof of Capacity uses meticulous verification methods to prove that a miner has a
particular amount of hard disk storage space available to blockchain network
PoC involves only minimal expenditure of electricity
unlike the hugely wasteful Proof of Work, and can finally rid mining of expensive ASICs.
The project believes that BHD will be a greener, faster, and
fairer version of bitcoin, moving back to the original ideal of a currency that
anyone could mine, manage, and use. No ASIC, no electricity waste
BHD is people’s bitcoin.
so guys please share your comments below what do you thing
about this project will it be successful and don't forget to subscribe to our
channel to see me again have a great day I will catch you guys later bye